At the annual “Fitch Ratings Indonesia Credit Briefing”, which was organized on 20 March 2019 in the Mandarin Oriental Hotel in Jakarta, Indonesian Finance Minister Sri Mulyani Indrawati was invited to present her keynote speech. This year's theme of Fitch Ratings’ annual event in Jakarta was "The Election, Macro-Economy and Credit Market", and therefore Sri Mulyani’s speech focused on two topics: (1) the elections and (2) the economy.
At the start of her speech Sri Mulyani acknowledged that most investors are now probably in a state of excitement - or anxiety - because of the events that are going to take place in the next couple of months in Indonesia. She was clearly referring to the upcoming elections because on 17 April 2019 the country will organize both legislative and presidential elections. As Indonesia is a young democracy elections tend to be a bit more exciting than in other countries (especially those countries that have longstanding and well established democracies). It is also important to emphasize that it is a very challenging task to organize these elections considering the huge size of the Archipelago which consists of more than 17,000 islands and which is home to around 267 million people. One can imagine that in terms of logistics it is a massive affair.
This article discusses the following:
• The keynote speech of Indonesian Finance Minister Sri Mulyani Indrawati
• How Indonesian policymakers responded to the external challenges, and what impact this response had on Indonesia's economic growth
• Whether investors need to be concerned about the 2019 elections
• How with each election in the post-Suharto era, Indonesia exhibits strengthening democratic conditions
Read the full article in the March 2019 edition of our monthly research report. You can purchase the report by sending an email to email@example.com or a WhatsApp message to the following number: +62(0)8788.410.6944
Poll Indonesia Investments:
Who would you vote for in Indonesia's 2019 presidential election?
Voting possible: -
- Joko Widodo (57.6%)
- Prabowo Subianto (31.9%)
- No opinion (5.7%)
- Someone else (4.8%)
Total amount of votes: 16331